Pipeline services firm ShawCor Ltd. is a stock that has recently popped up on our screens. This month, an officer exercised 10,000 options at $16.90 and did not subsequently sell. The class A shares closed that day at $37.33 meaning that the executive left $200,000 in potential profits on the table. Director Heather Ann Shaw also bought 6,600 class A shares at an average price of $35.41. Although she subsequently gifted the same number of shares, we would put more emphasis on the purchases in this case.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com . Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.
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